Stabilus rises on JP Morgan double-upgrade to 'overweight'

Stabilus SE

26/04/2022 07:34

** Shares in Stabilus  STAB.DE  rise by 4.2% in early
Frankfurt trade after JP Morgan double upgrades the
Luxemburg-based company to "overweight" from "underweight"
    ** JPM highlights the stock's underperformance compared to
the sector year-to-date, with shares down 33%, and now sees the
company better prepared to withstand market weaknesses and
inflation
    ** The broker sees room for growth for Stabilus in the
sectors of energy, construction and industrial machinery
    ** JP Morgan also deems the company able to pass through
cost inflation to end-customers, given it's leading market
position and low sticker price of its products
    **  Stabilus is on top of Germany's smallcaps index  .SDAXI 
in early Frankfurt trade

 (Reporting by Tristan Chabba)
 ((Tristan.chabba@thomsonreuters.com))